A shell of its former existence. I believe the original owners sold it to Sony. Movie studios owning movie theaters is supposed to be illegal, but no one in the US seems to care about laws anymore.
FWIW, Sony owns a lot of other companies, and so does Sony Corp. of America. It’s entirely possible that they’re dodging this one by using a company that’s not Sony Pictures.
Theaters would survive if they sued the studios using the existing Paramount precedent. Studios shouldn’t be allowed to own broadcast, cable, or streaming networks. They should be selling their content on the open market.
By owning the channels, the studios don’t have any incentive to release their movies in theaters. They make more money going straight to the outlets they own. (Or by killing content for a tax write off instead of letting outlets bid on the content.)
A shell of its former existence. I believe the original owners sold it to Sony. Movie studios owning movie theaters is supposed to be illegal, but no one in the US seems to care about laws anymore.
https://en.wikipedia.org/wiki/United_States_v._Paramount_Pictures,_Inc.
FWIW, Sony owns a lot of other companies, and so does Sony Corp. of America. It’s entirely possible that they’re dodging this one by using a company that’s not Sony Pictures.
That may be the only way movie theaters survive. If they all close down I am curious what a future without blockbuster movies looks like.
Theaters would survive if they sued the studios using the existing Paramount precedent. Studios shouldn’t be allowed to own broadcast, cable, or streaming networks. They should be selling their content on the open market.
By owning the channels, the studios don’t have any incentive to release their movies in theaters. They make more money going straight to the outlets they own. (Or by killing content for a tax write off instead of letting outlets bid on the content.)
Vertical integration should have never been allowed.